News

Sat, 11 Nov 2017 04:23:17 GMT

Germany to pay higher EU membership contributions after Brexit

Germany is likely to face a steep increase in its yearly European Union membership fees after Brexit, as it would have to cover €3.8BB as a part of gap left by UK when it quits.

Sat, 11 Nov 2017 04:22:08 GMT

Putin, Xi pledge to improve regional, international cooperation

Russian President Vladimir Putin and his China's counterpart Xi Jinping agreed on further enhancement of bilateral ties and cooperation on international and regional affairs.

Sat, 11 Nov 2017 03:31:58 GMT

Ryanair launches new program to enhance pilot management

Ryanair is likely to increase the number of the company's pilots and hire more additional staff within the new program of improving its pilot management.

Sat, 11 Nov 2017 03:31:03 GMT

EU want to know Brexit money this month

The EU told Britain to name what the country will pay Brussels for when it quits the bloc in 2019 otherwise it would face delay in trade negotiations, vital for UK business.

Fri, 10 Nov 2017 21:08:48 GMT

TPP members agree to continue trade talks, Canada rises doubts

Member countries of the Trans Pacific Partnership were keen to continue talks on the proposed trade agreement despite Canada's resistance, officials said on Friday.

Fri, 10 Nov 2017 20:52:59 GMT

Global stock indexes edge lower on Friday amid US tax reform

Global stock indexes weakened on Friday, as the strong market momentum was overshadowed by a possible delay in the US tax reform.

Fri, 10 Nov 2017 20:03:04 GMT

German watchdog launches another investigation into VW

Germany's financial regulator stated that it investigated whether Volkswagen disclosed illegally its information on the emissions scandal to third persons.

Fri, 10 Nov 2017 20:02:34 GMT

General Electrics cuts staff before new CEO's overhaul

GE laid off sales employees and other staff in the software division, ahead of new CEO John Flannery's anticipated announcement of a plan to cut costs in a bid to improve profits.

Fri, 10 Nov 2017 19:07:26 GMT

NY Fed expects US economy to grow 2.3% in Q4

The New York Fed said that its projection for the country's GDP growth in the fourth quarter remained unchanged at 3.2% given the lack of economic reports this week.

Fri, 10 Nov 2017 19:06:39 GMT

Volkswagen expects €560M Argentina investment to add 2.5K jobs

Volkswagen announced that plans to spend nearly €560M at the company's Argentina plant to make new sport-utility cars would create 2.5K new jobs.

Fri, 10 Nov 2017 18:11:34 GMT

Abe and Putin agree on applying UN latest sanctions against NK

The Japanese Prime Minister Shinzo Abe reported that he and the Russian President Vladimir Putin agreed to strictly implement UN sanctions against North Korea.

Fri, 10 Nov 2017 18:10:50 GMT

Japan to join US aircraft carriers for exercises near Korean peninsula

Japan reported that it would join three US aircraft carriers to undergo exercises in waters near to the Korean peninsula. 

Fri, 10 Nov 2017 17:00:52 GMT

J.C. Penney shares jump on surprisingly strong sales

J.C. Penney gave investors a good surprise on Friday when it reported better than estimated third-quarter sales, pushing shares up 19% in pre-market trading.

Fri, 10 Nov 2017 17:00:34 GMT

Trump and Putin shake hands at APEC summit

The US President Donald Trump and the Russian President Vladimir Putin exchanged greetings and shook hands during a photo at the APEC summit in Danang, Vietnam.

Fri, 10 Nov 2017 16:00:27 GMT

Pro-IS song played when Swedish radio station hacked

A Swedish radio station has been hacked by a pirate broadcaster who interrupted the radio show by Islamic State propaganda for 30 minutes. 

Fri, 10 Nov 2017 16:00:15 GMT

Middle East reflects on Dubai aerospace show

A Saudi Arabia corruption crackdown and the rising tension in Middle East will reflect on Dubai Airshow, since military leaders try to evaluate weapons-buying spree at the region.

Fri, 10 Nov 2017 15:32:28 GMT

German prosecutions raids Commerzbank over tax evasion

German prosecutors raided the offices of Commerzbank amid tax evasion probe, as its former and current managers were suspected of evading $47M in taxes through the "cum-ex" transactions.

Fri, 10 Nov 2017 15:23:16 GMT

Germany seeks $23B for broadband upgrade

Germany is seeking to invest $23B on the national broadband upgrade by 2025, four parties aiming to form the coalition government stated on Friday.

Fri, 10 Nov 2017 14:33:21 GMT

India seeks for lending reforms

India is set to discuss lending reforms that are aimed to prevent a new bad loans crisis amid bankers' fears, following the reveal of a $32B bailout of the state-run banks.

Fri, 10 Nov 2017 14:19:46 GMT

UN in talks to sell F-35 jets to partner nations

The United States is discussing the sale of the F-35 fighter jets to the partner nations, a top US military official stated during a visit to the UAE.

Fri, 10 Nov 2017 13:31:19 GMT

EU security watchdog stands up for its Brexit guidance

The European Union security watchdog defended its disputed guidance for the British assets managers on running funds based in the EU after Brexit.

Fri, 10 Nov 2017 13:23:36 GMT

Uber faces appeal bid loss to override worker's rights decision

On Friday, the ride-hailing company Uber lost an appeal bid to overturn the UK tribunal decision ordering the ride-sharing company to treat its drivers as employees.

Fri, 10 Nov 2017 12:05:24 GMT

Germany bans illegal file-sharing website

Germany's investigators banned an illegal file-sharing website with about 27K members, which had caused no less than $3.4M financial damage to the entertainment service's copyright owners.

Fri, 10 Nov 2017 12:05:04 GMT

Article 50 author sees chance Brexit can be avoided

The Article 50 author stated on Friday that there was a chance that the Brexit could be avoided, if Britain decided to unilaterally scrap the talks on its divorce.

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